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Peabody 01960 South Salem
48 Sutton St
$345,000
● House - Off Market

48 Sutton St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,588 Ft²
$564,807
RealtyHop Estimate
63.76%
Since Feb 1, 2017
MA-Boston
Primary Model

About This Property

Say Hello to a Good Buy!  You won't believe your eyes when you enter this well maintained Cape Cod home.  Good energy and natural light into every corner of this home.  Relax in your fireplaced living room with hardwood floors and large picture window to let the sun shine in.  Located on a corner lot with spacious eat in kitchen.  Four bedrooms, one bath and lower level family room.  Newer boiler, hot water tank, updated electrical, siding and a 2 level deck. This is a great home for 1st time buyers.  Convenient to shopping, parks, transportation, downtown and major highways.  If you plan on using your own agent, please call this person now to set up an appointment!  Home Sweet Home! SHOWINGS TO BEGIN AT SUNDAY OPEN HOUSE, DECEMBER 4TH 2:00-3:30.
Unit Size
1,588 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$217
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72097831)

Price History

Date / Event Date Event Price
Jan 30, 2017 Sold
Premium
Sold
Nov 30, 2016 Listed by RE/MAX Advantage Real Estate $344,900
Listed by RE/MAX Advantage Real Estate
Aug 27, 2014 Sold
Premium
Sold
May 14, 2014 Listed by RE/MAX Advantage Real Estate $274,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,168
  • Total Building Area: 1,328
  • Gross Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Peabody School District
  • School Tax School District: PEABODY SD
  • Census Tract: 210700

Zoning

  • Zoning: R2

Geography

  • Account Number: 13125
  • Parcel: PEAB M:0104 B:0147
  • Block: 147
  • Municipality: PEABODY
  • Latitude: 42.5159
  • Longitude: -70.9257

    Address

  • Full Address: 48 Sutton St
  • Address - House Number: 48
  • Address - Street Name: Sutton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C041
  • 4-Digit Zip Code: 6069
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $449,300

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 586,116
  • High Value: 682,837
  • Low Value: 489,395

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $492,600
  • Assessed Land Value: $209,500
  • Assessed Improvements Value: $283,100

    Sales

  • Current Sale Recording Date: Jan 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171
  • Previous Sale Recording Date: Aug 27, 2014
  • Previous Sale Amount: $269,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72097831

Frequently Asked Questions

When was property at 48 Sutton Street built and last sold?
The property at 48 Sutton Street was built in 1952 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 48 Sutton Street is $358,881.
What are some comparable homes to 48 Sutton Street?
There are currently no comparable homes to 48 Sutton Street.
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